Description

Overview:

By the end of this section, you will be able to:

Explain the aggregate supply curve and how it relates to real GDP and potential GDP
Explain the aggregate demand curve and how it is influenced by price levels
Interpret the aggregate demand/aggregate supply model
Identify the point of equilibrium in the aggregate demand/aggregate supply model
Define short run aggregate supply and long run aggregate supply

Subject:

Mathematics

Material Type:

Module

Provider:

Rice University

Provider Set:

OpenStax College

Date Added:

09/20/2018